It appears X, Tesla, SpaceX, Neuralink, and xAI won’t be issuing their own cryptocurrency anytime soon.

Announced on X late last week, Elon Musk has declared that none of his companies will be launching a cryptocurrency token, in a move that underscores a shift in the tech industry’s attitude toward competing with Bitcoin as a digital currency. 

This announcement is particularly noteworthy in light of X (formerly Twitter), which recently announced its intention to transform into a platform for financial services. Previously, there had been speculation that Musk might integrate Dogecoin, a cryptocurrency he has vocally supported in the past, into his companies’ operations.

Under the…

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